Make Some Space Ltd

Make Some Space Ltd is a small, active company based in London, UK, founded seventeen years ago in 2007. With three employees and £501,680 in assets, it operates from a virtual address—a detail that raises some questions given 245 other companies share the same location. The company is led by three directors and a solo founder, Rachel Whiteread. It's a solo founder, and it's been a long time.

The company's core business revolves around artistic creation, with a focus on the design and installation of office and warehouse spaces. Its website showcases services like racking, partitioning, mezzanine floors, and office refurbishment—all geared towards maximizing space and efficiency. It's a bit confusing, but it seems they also offer disabled wetroom facilities and staff dining rooms, indicating a broader range of interior design solutions.

Make Some Space Ltd is a regular exporter of art and antiques, with three months of export activity recorded, the last in September 2024. However, its import activity is irregular, with just two months of imports logged, the last in 2019. This suggests a focus on exporting finished goods rather than importing raw materials.

Financially, the company’s recent performance is concerning. Current assets have plummeted by 63%, dropping to £500,000, while net assets have also declined by 8.5%, settling at £4.1 million. Cash reserves have been hit hard, decreasing 66% to £280,000. Bank borrowings have also increased, and creditors have fallen significantly. The company’s small size—meeting two of three criteria for a small company—helps it stay nimble, but the sharp decline in equity and cash reserves suggests it’s burning through money. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Despite the financial challenges, Make Some Space Ltd’s website highlights a commitment to customer service and project management. It's a bit of a mixed picture—a company with a solid track record in space design facing financial headwinds. Whether it can successfully navigate these challenges remains to be seen.

Registered in England/Wales under the registration number 06405677, with a registered address at W1D 1LP, United Kingdom, London, Third Floor, 104-108 Oxford Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.